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VW is in too much of a hurry to move on

  Leonid Bershidsky Volkswagen made every effort to leave its diesel emissions scandal behind this week. It planned to announce a $10 billion deal with U.S. car owners and a fix for their cars, hold a general shareholders’ meeting on Wednesday and settle down to implement its new strategy, announced on June 16. VW’s management and top shareholders haven’t, however, ...

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London’s builders see relief from pound drop on Brexit

  Bloomberg London home builders are counting on a weaker pound to tempt buyers back into the city’s beleaguered luxury-homes market if the U.K. votes to leave the European Union. “We have seen a lot of overseas interest and they are waiting until the result,” said Rob Perrins, chief executive officer of Berkeley Group Holdings Plc. “When you have got ...

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Lennar’s Q2 profits soar as rising jobs spur home sales

  Bloomberg Lennar Corp., the second-largest U.S. homebuilder, reported fiscal second-quarter earnings that beat analysts’ estimates as the improving job market helped boost sales. Net income for the three months through May was $218.5 million, or 95 cents a share, compared with $183 million, or 79 cents, a year earlier, the Miami-based company said in a statement on Tuesday. The ...

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